Microsoft has released its financial statement for Q2 fiscal year 2014, announcing revenue of $24.52 billion for the quarter ended December 31, 2013. The company sold 7.4 million Xbox consoles “into the retail channel” including 3.9 million Xbox One consoles and 3.5 million Xbox 360 consoles.

The firm’s revenue was up from $21.46 billion reported during the same period in 2012. For the six months ending December 31, 2013, the firm reported $43.05 billion in revenue, compared to $37.46 billion year-over-year.

Net income came in at $6.56 billion with an operating income of $7.97 billion.

“Our Commercial segment continues to outpace the overall market, and our Devices and Consumer segment had a great holiday quarter,” said Steve Ballmer, chief executive officer at Microsoft. “The investments we are making in devices and services that deliver high-value experiences to our customers, and the work we are doing with our partners, are driving strong results and positioning us well for long-term growth.”

“We delivered record revenue as demand for our business offerings remains high and we made strong progress in our Devices and Consumer segment,” said Amy Hood, chief financial officer at Microsoft. “These results reflect our focus on execution, cost discipline, and long-term shareholder value as we continue to drive the strategic transformation of the company.”